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Islamic Finance Africa

Islamic Finance in Africa to take off in 2012
Islamic finance banking options are increasingly being seen as a viable alternative to traditional banking services in Africa and are growing to support not only the African Islamic community but all those looking for an interest-free banking alternative.

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MJC / Orion Saga - Pitfalls of Emotions

Fight or Flight – From the awkwardness of the edge of my chair, little did I realise that the scenes and sounds that were rapidly unravelling before me that windy morning correlated perfectly with one of the most well established physiological responses in the Natural World. I doubt the behavioralists would have much trouble identifying it: Confronting a threat that is perceived dangerous, the human reacts with as many resources as needed, as much energy as possible, to minimise the risks.
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Buying Gold in South Africa

Kruger Rands

To buy gold in South Africa is just as easy as anywhere else if not easier.

Actually the Gold Krugerrand was the first gold bullion coin to be produced in an exact 1 troy ounce and sold for the spot price of gold (spot price is the actual value of gold for that day as traded around the world) plus a small mark up to cover the cost of manufacture and shipping.

Actually 1 troy ounce krugerrand contains exactly 1 troy ounce of gold plus a small amount of alloy to increase it’s hardness. The total weight then comes to 1.0909 ounces or 33.9303 grams.

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Islamic Indicators

Nisaab of Zakaat R4421.23
Mahr e Faatimi R11053.09
Minimum Mahr (Hanafi) R221.06
Riyaal - Rand R2.1812
No minimum for Shaf'ee and Hambli 5 Jan 2012

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